NASHVILLE, Tenn., July 23 /PRNewswire-FirstCall/ -- Healthcare Realty Trust Incorporated announced today the sale of 4,000,000 shares of common stock, priced at $36.30 per share. The offering was increased from the original offered amount of 3,500,000 shares. As part of the offering, the Company granted its underwriters a 30-day option to purchase up to an additional 600,000 shares to cover over-allotments. The net proceeds of the offering, after underwriting discounts and commissions and before giving effect to the over-allotment option, if exercised, will be approximately $138.3 million. The proceeds will be used to fund the Company's investment commitments and repay indebtedness under the Company's Unsecured Credit Facility due 2006.
Legg Mason Wood Walker, Incorporated acted as underwriter and sole book-running manager for the offering, with A.G. Edwards and Wachovia Securities serving as underwriters and co-managers. Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from Legg Mason Wood Walker, Incorporated, Attention: Syndicate Department, 100 Light Street, Baltimore, Maryland, 21202.
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. As of March 31, 2004, the Company had investments of approximately $1.7 billion in 228 real estate properties or mortgages, totaling approximately 11.8 million square feet. The Company's portfolio was comprised of six major facility types, located in 30 states. The Company provided property management services to approximately 5.2 million square feet nationwide.
In addition to the historical information contained within, the matters
discussed in this press release may contain forward-looking statements that
involve risks and uncertainties. These risks are discussed in a 10-K filed with the SEC by Healthcare Realty Trust for the year ended December 31, 2003. Forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims any obligation to update forward-looking
material.
Healthcare Realty Trust IncorporatedCONTACT: Bethany Mancini, Corporate Communications for Healthcare RealtyTrust Incorporated, +1-615-269-8175
Web site: http://www.healthcarerealty.com/
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